US National Debt Increases by $1 Trillion About Every 100 Days | louder.news

The US debt load has been growing at a faster rate in recent months, increasing by about a trillion dollars almost every 100 days.

The nation's debt hit $34 trillion permanently on Jan. 4, after briefly surpassing the mark on Dec. 29, according to data from the US Treasury Department. It reached $33 trillion on September 15, 2023, and $32 trillion on June 15, 2023, achieving this accelerated pace. Before that, raising $1 trillion out of $31 trillion took about eight months.

The U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, is now nearly $34.4 billion, as of Wednesday. Bank of America chief investment strategist Michael Hartnett believes the 100-day pattern will remain intact with the move from $34 trillion to $35 trillion.